NewswireToday - /newswire/ -
Delhi, New Delhi, India, 2008/03/24 - China’s consumer electronics market is poised to emerge as the top most market by 2011 in terms of potential, market size, and growth rate, says RNCOS.
RNCOS, a leading market research firm, revealed in its latest report “Chinese Consumer Electronics Market till 2011” that China has emerged as the most important consumer electronics market in the world in terms of its potential, growth rate, and market size.
The report thoroughly evaluates the consumer electronics markets of E7 countries - India, Brazil, Turkey, Indonesia, Mexico, Russia, and China and concludes that China’s consumer electronics market is most appealing as compared to other E7 markets. The report studies factors which makes China a popular destination to invest money for consumer electronics companies. It identifies the benefits China is providing to attract players.
After going through the growth graph of the Chinese market, the report asserts that the consumer electronics market of China has grown at a CAGR of 11.7% from 2002 to 2006, and further adds that market will grow with greater intensity in future. It also tries to discover reasons that forced Chinese to invest more on consumer electronics, and also examines factors which points to the brilliant future of consumer electronics market in China.
Population is considered as the driving element of any industry and as China is the most populous country, the report focuses on the factor specifically. It researches on how population of this booming economy is helping in growth of consumer electronics market. It talks about the preferences of Chinese in consumer electronics, and further finds the age groups that are fuelling demand for the consumer electronic products in China. It also finds the market segments that are being targeted by the producers to make greater profits in the country.
The report reveals that the growth in the credit card market of China is leading to the popularity of consumer electronics products in the country. The RNCOS report researches all the market segments, including mobile phones, personal computers, sound & images, and home appliances, to study the Chinese consumer electronics market. It also traces the electronic product that will emerge as leader in future.
The report also evaluates the vital factors that adds on to the success and growth of the Chinese consumer electronics industry and also examines key concern areas that threaten the industry and provides appropriate solutions to deal with issues.
RNCOS, incorporated in the year 2002, is an industry research firm. It has a team of industry experts who analyze data collected from credible sources. They provide industry insights and analysis that helps corporations to take timely and accurate business decision in today's globally competitive environment.